Business

London, UK | THE INDEPENDENT | The ongoing developments between regions and countries mainly due to the Russia-Ukraine war are likely to hurt Sub-Saharan Africa most if it persists for long, according to a team of experts at the International Monetary Fund, (IMF). The recurrent trade wars between the US …

Kampala, Uganda | THE INDEPENDENT | The President of Uganda, Yoweri Kaguta Museveni, has said he will institute a specialized Unit attached to State house, which he says will safeguard investors from corruption tendencies, fronted by both politicians and technocrats to fleece investors when they solicit for bribes. Museveni notes …

New Delhi, India | XINHUA |  Indian government’s revenue through gross Goods and Services Tax (GST) collected in a single month touched the highest ever figure of 1.87 trillion Indian Rupees (22.88 billion U.S. dollars) in April, announced the federal Ministry of Finance on Monday. The federal government introduced the …

Kampala, Uganda | THE INDEPENDENT | The tourism sector is losing over Shillings 300 million worth of business annually due to unfulfilled concessions signed with various developers in the country’s protected areas. To develop the tourism sector, the government, through the Uganda Wildlife Authority-UWA, has signed development concession agreements to …

Mbarara, Uganda | THE INDEPENDENT | Multiplex Constructions company faces penalties because of their delay to complete the Mbarara City road works under the Uganda Support to Municipal Infrastructure Development-Additional Financing (USMID-AF). This was revealed by officials from the World Bank and Ministry of Lands while on a field tour …

Namutumba, Uganda | THE INDEPENDENT |   Labour rights organisations have challenged the government to produce evidence that a functional Minimum Wage Policy discourages foreign investment flows into a country. This has been the main reason for the government’s refusal to review the law that sets a minimum wage, almost 40 …

Kampala, Uganda | THE INDEPENDENT | The Petroleum Authority of Uganda has granted TotalEnergies clearance to conduct detailed engineering designs for the 190,000-barrel Central Processing Facility (CPF) outside of the country. Although there have been concerns that TotalEnergies may have flouted national content rules or denied Ugandan engineers from working on …

Kampala, Uganda | THE INDEPENDENT | Public debt repayments in some African countries are at their highest levels since 1998. The Conversation Africa’s founding editor Caroline Southey talks to dean and economics professor Philippe Burger about the danger of debt problems some African countries face. What’s behind the spike in debt …

    Airtel Africa Group CEO  Segun Ogunsanya in Uganda, pledges accelerated access to digital learning Wakiso, Uganda | THE INDEPENDENT |  Airtel Africa and UNICEF have reaffirmed their shared commitment to accelerate access to quality education by millions of children in Uganda and the rest of Africa, through digital learning. …

Kampala, Uganda | PATRICIA AKANKWATSA | UAP Old Mutual Group walked away with 9 awards at the just concluded Uganda Insurers Association (UIA) awards held on April 27th at Hotel Africana. UAP won awards in the categories of; Best New Agent to Rashid Kizito. 3rd runner up Highest Premium written …